IRRV Alert - week ending 16th July 2021
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Monthly Insolvency Statistics, June 2021 (16 July 2021)
Official Statistics
Monthly Insolvency Statistics, June 2021
Monthly company and individual insolvency statistics for England and Wales, as well as Northern Ireland, and monthly company statistics for Scotland, in response to the coronavirus (COVID-19) pandemic. For England and Wales, Breathing Space scheme statistics and the numbers of company moratoriums and restructuring plans are also included.
- From:
- The Insolvency Service
- Published
- 16 July 2021
Documents
Commentary - Monthly Insolvency Statistics June 2021
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Data Tables in Excel (xlsx) Format - Monthly Insolvency Statistics June 2021
MS Excel Spreadsheet, 337KB
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Data Tables in Open Document Spreadsheet (ods) Format - Monthly Insolvency Statistics June 2021
ODS, 232KB
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Methodology and Quality Document - Monthly Insolvency Statistics June 2021
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Pre-Release Access List - Monthly Insolvency Statistics June 2021
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Details
The number of registered company insolvencies in June 2021 was 1,207:
- 63% higher than the number registered in the same month in the previous year (741 in June 2020), but
- 18% lower than the number registered two years previously (pre-pandemic; 1,466 in June 2019).
In June 2021 there were 1,116 Creditors’ Voluntary Liquidations (CVLs), which was similar to pre-pandemic levels. The overall reduction in company insolvencies compared to June 2019 was driven mostly by the lower number of compulsory liquidations.
For individuals, 735 bankruptcies and 1,410 Debt Relief Orders were registered. The number of Bankruptcies was 17% lower than June 2020 and 44% lower than June 2019. DRO numbers were 21% lower than June 2020 and 33% lower than in June 2019 (pre-pandemic).
There were, on average, 7,184 IVAs registered per month in the three-month period ending June 2021, which is 15% lower than the three-month period ending June 2020 but 11% higher than the three-month period ending June 2019.
Between 4 May (when the scheme was launched) and 30 June 2021 there were 11,747 breathing space registrations. These composed of 11,636 standard breathing space registrations and 111 mental health crisis breathing space registrations (for those receiving mental health crisis treatment).
Published 16 July 2021